Republicans should try cutting taxes for poor people.
How about getting rid of the income tax on anyone making under 50k a year?
Well, we have not had that, but the tax rates today are lower than they were before Bush took office. On top of that, the standard deduction and exemption have increased. In 2005 they were $8,200 for a single filer. In 2001 (before the Bush cuts) they were $7450.
In 2001 someone who earned $15,000 would have owe $1,133 in taxes. In 2005, someone earning the same amount owed $768.
Neat tax calculator
but how much of that increase in the standard deduction is due to inflation?
